The global stem cell banking market size attained a value of USD 5.3 billion in 2022, driven by the increasing demand for regenerative medicine and personalized therapies across the globe. The market size is anticipated to grow at a CAGR of 17.2% during the forecast period of 2023-2031 to achieve a value of USD 22.2 billion by 2031.
The main purpose of stem cell banking is to provide individuals and families with a secure and readily accessible source of stem cells that can be used to treat a range of diseases and conditions. Stem cells derived from cord blood have been successfully used in the treatment of various blood disorders, immune deficiencies, and certain cancers.
Stem cell banking offers several benefits. It provides families with a unique opportunity to safeguard their newborn's stem cells, potentially providing a life-saving treatment option in case of future illnesses. It also eliminates the need for searching for suitable stem cell donors, which can be challenging and time-consuming.
One of the key factors contributing to the market growth is the rising awareness among individuals and families about the potential benefits of stem cell banking. More and more parents are opting to preserve their newborn's stem cells as a form of insurance against future health risks. The growing awareness about the therapeutic applications of stem cells, along with advancements in stem cell collection and storage techniques, has further fueled the market growth.
Moreover, the expanding scope of stem cell applications in treating various diseases and conditions has created significant opportunities for the market. Stem cells derived from cord blood and tissue have been successfully used in the treatment of hematopoietic disorders, immune deficiencies, and certain cancers. Ongoing research is also exploring the potential of stem cells in addressing neurodegenerative diseases, cardiovascular disorders, orthopedic injuries, and more.
Furthermore, favorable government initiatives and regulations promoting stem cell research and banking have contributed to market growth. Many countries have implemented guidelines and policies to ensure the quality and safety of stored stem cells, boosting consumer confidence in stem cell banking services.
Stem Cell Banking: Introduction
Stem cell banking, also known as stem cell preservation or stem cell storage, involves the collection, processing, and long-term storage of stem cells for potential future use in regenerative medicine or other medical treatments. Stem cells have the unique ability to differentiate into various types of cells in the body, making them valuable for treating a range of diseases and injuries.The main purpose of stem cell banking is to provide individuals and families with a secure and readily accessible source of stem cells that can be used to treat a range of diseases and conditions. Stem cells derived from cord blood have been successfully used in the treatment of various blood disorders, immune deficiencies, and certain cancers.
Stem cell banking offers several benefits. It provides families with a unique opportunity to safeguard their newborn's stem cells, potentially providing a life-saving treatment option in case of future illnesses. It also eliminates the need for searching for suitable stem cell donors, which can be challenging and time-consuming.
Key Trends in the Stem Cell Banking Market
Some key trends involved in the stem cell banking market are as follows:- Increasing Demand for Cord Blood Banking: The demand for umbilical cord blood banking has been on the rise due to the growing awareness of the therapeutic potential of stem cells derived from cord blood. Expectant parents are increasingly opting for cord blood banking to secure a source of stem cells that could be used to treat various conditions, including blood disorders, immune deficiencies, and certain cancers
- Advancements in Stem Cell Processing and Storage: Technological advancements have improved the efficiency and effectiveness of stem cell processing and storage methods. Automated processing systems and cryopreservation techniques have enhanced the viability and quality of stored stem cells, ensuring their long-term preservation for potential future use
- Expansion of Stem Cell Applications: Stem cells have shown promise in various fields, including regenerative medicine, cell-based therapies, and tissue engineering. Ongoing research and clinical trials are exploring the potential of stem cells in treating conditions such as cardiovascular diseases, neurological disorders, diabetes, and musculoskeletal injuries. The expanding range of applications is driving the growth of stem cell banking as a means to secure a valuable resource for potential future treatments
Stem Cell Banking Market Segmentations
Market Breakup by Source
- Placental Stem Cells (PSCs)
- Human Embryo-Derived Stem Cells
- Bone Marrow-Derived Stem Cells
- Dental Pulp-Derived Stem Cells
- Adipose Tissue-Derived Stem Cells
- Other Stem Cell Sources
Market Breakup by Product
- Adult Stem Cells
- Human Embryonic Cells
- IPS Cells
- Others
Market Breakup by Bank Type
- Private
- Public
Market Breakup by Services Type
- Sample Collection and Transportation
- Sample Processing, Sample Analysis
- Sample Preservation, Storage
Market Breakup by Utilization
- Used
- Unused
Market Breakup by Applications
- Personalized Storage
- Clinical
- Research
- Others
Market Breakup by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Stem Cell Banking Market Scenario
The global stem cell banking market is experiencing rapid growth and is expected to expand significantly in the coming years. This market is primarily driven by the increasing prevalence of chronic diseases and the growing demand for regenerative medicine and personalized therapies.One of the key factors contributing to the market growth is the rising awareness among individuals and families about the potential benefits of stem cell banking. More and more parents are opting to preserve their newborn's stem cells as a form of insurance against future health risks. The growing awareness about the therapeutic applications of stem cells, along with advancements in stem cell collection and storage techniques, has further fueled the market growth.
Moreover, the expanding scope of stem cell applications in treating various diseases and conditions has created significant opportunities for the market. Stem cells derived from cord blood and tissue have been successfully used in the treatment of hematopoietic disorders, immune deficiencies, and certain cancers. Ongoing research is also exploring the potential of stem cells in addressing neurodegenerative diseases, cardiovascular disorders, orthopedic injuries, and more.
Furthermore, favorable government initiatives and regulations promoting stem cell research and banking have contributed to market growth. Many countries have implemented guidelines and policies to ensure the quality and safety of stored stem cells, boosting consumer confidence in stem cell banking services.
Stem Cell Banking Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:- CBR Systems, Inc
- Cordlife
- Cryo-Cell International, Inc
- ViaCord
- Cryo-Save
- LifeCell International Pvt. Ltd
- StemCyte India Therapeutics Pvt. Ltd
- Global Cord Blood Corporation
- Smart Cells International Limited
- Caladrius Biosciences, Inc
- Celgene Corporation
- BrainStorm Cell Limited
- Regrow Biosciences Pvt. Ltd
- CryoHoldco
- Cryo-Save
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis17 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Stem Cell Banking Market Analysis
9 North America Stem Cell Banking Market Analysis
10 Europe Stem Cell Banking Market Analysis
11 Asia Pacific Stem Cell Banking Market Analysis
12 Latin America Stem Cell Banking Market Analysis
13 Middle East and Africa Stem Cell Banking Market Analysis
14 Market Dynamics
16 Competitive Landscape
Companies Mentioned
- Cryo-Cell International Inc.
- Smart Cells International Ltd.
- CSG-BIO Company Inc.
- CBR Systems Inc.
- ViaCord LLC
- LifeCell International Pvt. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | May 2023 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 6.3 Billion |
| Forecasted Market Value ( USD | $ 22.2 Billion |
| Compound Annual Growth Rate | 17.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
